BAKU, Azerbaijan, April 12. The gross domestic product has increased by 6.8 percent, President of the Republic of Azerbaijan Ilham Aliyev said during a meeting dedicated to the results of the first quarter of 2022, Trend reports.
"Our economic indicators are also very positive. The results of the first quarter hardly need any explanation. The gross domestic product has increased by 6.8 percent. The world is entering a post-pandemic period, so to speak. It may be a little premature to use the word “post-pandemic”, but in any case, the current situation in the world and in Azerbaijan indicates just that. Therefore, I think that our economic growth of 6.8 percent can be viewed a tremendous achievement. In the non-oil sector, this is measured by even higher figures. Our non-oil economy has grown by more than 10 percent. Growth in industrial production is about 4 percent, but in non-oil industrial production it is more than 18 percent. These figures in themselves confirm the words I am saying. The diversification of the economy, the reduction of dependence on the oil and gas sector, the decline in both its share in the GDP and exports – all these are a reality," the head of state said.